Capital Market Archives — Page 17 of 62

January 11, 2023 No Responses

Naira Gains by 0.04% At Investors, Exporters Window

The naira on Tuesday exchanged at 461.50 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.04 per cent compared with the 461.67 it exchanged on Monday. The open indicative rate closed at N460.25...

December 19, 2022 No Responses

SEC Approves NGX Technology Board Listing Rules

By Moses Ebosele, ebosele@hotmail.com — The Securities and Exchange Commission (SEC) has approved Rules for Listing on NGX Technology Board. The NGX Technology Board is a specialised platform for technology-based companies to...

December 14, 2022 No Responses

Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme

Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution. The company had earlier indicated an.....

December 12, 2022 No Responses

CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m

Five Banks have been selected for the disbursement of Cabotage Vessel Financing Fund (CVFF). The Banks are: United Bank for Africa (UBA), Zenith Bank, Union Bank of Nigeria, Polaris Bank and Jaiz Bank. Minister of Trans...

December 11, 2022 No Responses

Emefiele: Export Proceeds Repatriation To Hit $1b In Q4

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, on Saturday expressed optimism that export proceeds repatriation for rebate would hit N1billion fourth quarter of 2022. Emefiele said this at a press conference on the outcome of th...

December 10, 2022 No Responses

FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds

By citybusinessnews@yahoo.com — FMDQ Securities Exchange Limited is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government raise funds at a cheaper cost. Head, Market Architecture, FMDQ Securiti...

December 6, 2022 No Responses

At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks

The Central Bank of Nigeria (CBN) has assured information security stakeholders and the general public of its collaboration to check the rising cases of cyber-attacks within Nigeria’s cyberspace. Director, Payments System Management Department of the...

November 26, 2022 No Responses

Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Friday said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends. Emefiele said this at the 57t...

November 25, 2022 No Responses

Corpreneurship Challenge: Unity Bank Splashes N10m Grant On 30 Corps Members

Unity Bank Entrepreneurship Development Initiative – Corpreneurship Challenge, targeted at empowering fresh graduates and Corp Members on one-year compulsory national youth service has, in its ninth edition of the Corpreneurship Challenge held ...

November 23, 2022 No Responses

Union Bank Gets Euromoney Market Rankings In Five Categories

Union Bank of Nigeria (UBN) Plc has received high ratings in five categories at the 2022 Euromoney market rankings. Mrs Ogochukwu Ekezie-Ekaidem, the Chief Brand and Marketing Officer, UBN, made the announcement in a statement on Tuesday in Lagos . ...

November 21, 2022 No Responses

DMO Offers N100b “Sukuk” Bonds At N1,000 Per Unit

The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on behalf of the Federal Government. It stated in Abuja that the offer is of 10-year tenor due for maturity...

November 21, 2022 No Responses

Ecobank Nigeria Takes Financial Literacy To Markets, Sensitizes Traders On New Naira Notes

Ecobank Nigeria, an affiliate of the leading pan-African banking group, the Ecobank Group has taken financial literacy and inclusion to traders in several markets across the country being part of activities to mark “Ecobank Day”, 2022. Cit...

November 10, 2022 No Responses

Investors Gain N9b On NGX

The Nigerian Exchange (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks. The primary drivers of the market were Dangote Cement, Guaranty Trust Holding Company (GTCO), Zenith Bank and Unit...

November 9, 2022 No Responses

Agusto Upgrades EDC Nigeria Money Market Fund Rating

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment...